Delta Air Lines volatility flat as shares rally 9%
Delta Air Lines (NYSE: DAL) is recently up $1.03 to $12.28 after UAL (UAUA) reported better than expected January revenue. WTI Crude Futures are recently up 2.70% to $73.83 according to Bloomberg. DAL call option volume of 5,977 contracts compares to put volume of 2,818 contracts. March and June put option implied volatility of 62 is near its six-month average according to Track Data, suggesting non-directional price movement. Paul Foster
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